Analysts say the rise in pledged shares is on account of the recent decline in the broader market even as the large-cap or index stocks have held their ground
A few companies in this space lost about a third of their values; 18 of 30 firms with highest shares pledged ended with negative returns; DB Realty bucked the trend
Value of pledged shares at the end of June quarter was Rs 1.97 lakh crore, or 8.5% of India's market cap